M-commerce has never been separated from e-commerce. M-commerce has always been considered as part of the e-commerce industry. It is time to discuss the same separately. E-commerce has witnessed phenomenal growth in India in the last five years and is expected to grow from USD 39 billion revenue in 2017 to USD 120 billion by 2020, CAGR of over 50% according to a report by IBEF.
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